PETALING JAYA: Kenanga Investment Bank Bhd has begun talks to acquire the stockbroking business of Inter-Pacific Securities Sdn Bhd in a move that would create one of the largest stockbrokers in the country. Kenanga Investment hopes to close the deal within six months.

KUALA LUMPUR: Keeping fuel prices steady at local pumps will be expensive for the government, but the subsidy bill will be more than offset by a projected increase in oil revenue as the price of Brent crude in the international market jumps.

KUALA LUMPUR: The RM55bil East Coast Rail Link (ECRL) project is now under the spotlight with the top brass of Malaysia Rail Link, the company handling the project, been summoned to Putrajaya to explain financial details on the mega railway job to the new administration. It is learnt that so far that around RM10bil has been drawn down for the 688km railway project, while construction work progress stood at 13% as on March this year.

KUALA LUMPUR: PUC Bhd has agreed to invest up to RM90mil in 11Street Malaysia in a deal with Axiata and SK Planet that would give the media and advertising firm management control of the e-commerce platform.

KUALA LUMPUR: Serba Dinamik Holdings Bhd has agreed to acquire close to a quarter the shares in Singapore listed technology firm CSE Global Ltd for RM170.6mil, as the home-grown company seeks to expand its international reach.

KUALA LUMPUR: Datuk Seri Farouk Abdullah, who emerged as a substantial shareholder in Bio Osmo Bhd in April last year, is injecting his Impiana hotel business in Malaysia into the loss making company in a bid to turn it around.

PETALING JAYA: Integrated oil and gas (O&G) company Sapura Energy Bhd will have to tweak its plan for a separate listing of its exploration and production (E&P) division on Bursa Malaysia after an earlier proposal was shot down by market regulators.